Mufg Securities Americas Inc. Takes $255,000 Position in Trimble Inc. (NASDAQ:TRMB)

Mufg Securities Americas Inc. acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,606 shares of the scientific and technical instruments company's stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRMB. Nomura Holdings Inc. purchased a new stake in Trimble in the fourth quarter worth $568,000. No Street GP LP lifted its position in Trimble by 4.9% during the fourth quarter. No Street GP LP now owns 800,000 shares of the scientific and technical instruments company's stock valued at $56,528,000 after buying an additional 37,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Trimble by 7.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,818,478 shares of the scientific and technical instruments company's stock valued at $128,488,000 after buying an additional 122,623 shares during the period. Moore Capital Management LP lifted its position in Trimble by 32.7% during the fourth quarter. Moore Capital Management LP now owns 196,962 shares of the scientific and technical instruments company's stock valued at $13,917,000 after buying an additional 48,494 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Trimble by 0.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,794,854 shares of the scientific and technical instruments company's stock valued at $197,483,000 after buying an additional 26,223 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TRMB shares. JPMorgan Chase & Co. lifted their price target on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. StockNews.com lowered Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $88.43.

Trimble Stock Performance

Shares of Trimble stock traded up $0.62 during trading hours on Tuesday, reaching $72.31. 1,566,472 shares of the stock traded hands, compared to its average volume of 1,397,051. The company has a 50 day moving average price of $64.29 and a 200 day moving average price of $69.52. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 3.09 and a beta of 1.67. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $840.60 million during the quarter, compared to the consensus estimate of $810.45 million. Trimble had a return on equity of 10.56% and a net margin of 40.84%. The business's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. On average, equities research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.